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City Of <br />DNEW <br />BPJG1-fr0N <br />the city that works for you <br />Report Number <br />Agenda Section <br />Council Meeting Date <br />REQUEST FOR COUNCIL CONSIDERATION <br />14 -270 <br />VI -4 <br />November 12, 2014 <br />ITEM DESCRIPTION: APPROVAL OF AUDITING SERVICES AGREEMENT FOR THE YEARS <br />ENDING DECEMBER 31, 2014, 2015 AND 2016 <br />DEPARTMENT HEAD'S APPROVAL: <br />CITY MANAGER'S APPROVAL: <br />No comments to supplement this report Comments attached <br />Recommendation: APPROVE AND U//0RIZE EXECUTION OF AN AGREEMENT' <br />WITH KERN, DeWENTER, VIERE FOR AUDITING SERVICES FOR THE YEARS <br />ENDING DECEMBER 31, 2014, 2015 AND 2016, <br />Legislative History: The State of Minnesota requires that our Comprehensive Annual Financial <br />Report (CAFR) be independently audited. The firm of Kern, DeWenter, Viere has been auditor <br />for the last few years. We are very satisfied with the work of Kern, DeWenter, Viere and desire <br />to have them appointed again. <br />Financial Impact: Audit costs are included in the annual operating budgets. <br />Explanation: Kern, DeWenter, Viere is a highly qualified and very capable Certified <br />Public Accounting firm. Their firm has over 90 employees, including a full -time <br />government audit staff of 26 professionals with offices in Minneapolis and St. Cloud. Kern, <br />DeWenter, Viere is actively involved with the Minnesota Government Finance Officers <br />Association, the Certificate of Achievement for Excellence in Financial Reporting program, <br />the Minnesota Clerks and Finance Officers Association, the League of Minnesota Cities, the <br />Minnesota Association of School Business Officials, and the Minnesota Society of CPA's. <br />They have numerous city clients within the Twin Cities metropolitan area. <br />Costs and Funding: Their proposed cost for the audit of the City's 2014 Comprehensive <br />Annual Financial Report (CAFR) is $43,800, a decrease of 4.4% from 2013. There may be <br />additional fees for a single audit if required and necessary. The 2015 Budget appropriations <br />are adequate for this professional service. Upon approval, the agreement will be executed. <br />Brenda Davitt <br />Finance Director <br />